Situation and Outlook 2018

Australian milk production is up 3% for the first half of the 2017/18 season as a result of improved weather in most regions, and incrementally higher milk prices.

Slower milk production in NZ and good import demand have helped support commodity prices in the short term, but the fundamentals point to significant downside risk for prices in the months ahead.

Recent announcements of investment in Australian processing assets are encouraging signs of industry confidence, however key to ongoing success will be the ability of processors to support and grow a profitable milk supply base to capture the full potential of their manufacturing footprint.

Situation and Outlook 2018

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Overview

Australian milk production is up 3% for the first half of the 2017/18 season as a result of improved weather in most regions, and incrementally higher milk prices.

Slower milk production in NZ and good import demand have helped support commodity prices in the short term, but the fundamentals point to significant downside risk for prices in the months ahead.

The Australian market remains stable, with volume growth in most major dairy categories. Sales value growth remains robust, with the exception of cheese.

Recent announcements of investment in Australian processing assets are encouraging signs of industry confidence, however key to ongoing success will be the ability of processors to support and grow a profitable milk supply base to capture the full potential of their manufacturing footprint.

Initiatives

Dairy Feed Tools is a complete feed management toolset for dairy farmers and managers. Feed planning, cost and resource management backed by Australian feed and pasture data to most accurately reflect the needs of your herd